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Chevron, Rancho Cordova, CA

Chevron

CA, United States

Price $3,434,000
Cap Rate
NOI
Lease Term 10 Years
Lease Type
Rental Increases 10% Rental Increases Every 5 Years
Year Built February 2015
Building Size Not Available
Lot Size 0.87 Acres (37,895 SF)
Status Sold
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

ABSOLUTE NNN LEASE
» No landlord management, ideal for an out-of-area investor
» 10% rental increases every five years, providing a hedge against inflation
» High volume fueling and C-store sales

HIGH-TRAFFIC LOCATION AT SIGNALIZED HARD CORNER DIRECTLY OFF HIGHWAY 50
» Excellent access and visibility to 76,286 vehicles per day at the signalized intersection of Sunrise Boulevard and Trade Center Drive
» Convenient access to U.S. Highway 50, with high traffic counts of 148,000 vehicles per day
» Closest gas station south of Highway 50, located along Sunrise Boulevard

CENTRAL LOCATION WITH ROBUST DEMOGRAPHICS
» Prime location near major retailers and several large business parks
» Daytime employment of 19,905 within a one-mile radius and 53,373 within a three-mile radius of the site
» Population of approximately 190,000 within a five-mile radius of the property, with average household incomes of nearly $85,000

HIGH QUALITY CONSTRUCTION WITH EXTRAMILE AND CARWASH
» Location features ExtraMile convenience store and drive-thru carwash, increasing customer convenience and sales revenue
» ExtraMile offers a wide range of products, including packaged snacks, hot food items, cold beverages, and freshly brewed Seattle’s Best Coffee

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located at the signalized hard corner of Moorpark Avenue and South Winchester Boulevard, with nearly 78,000 vehicles per day at the intersection. Interstate 280’s Winchester Boulevard off-ramp is immediately adjacent to the property, providing a steady flow of traffic. Interstate 280, which connects San Jose to San Francisco and other major cities in the Bay Area, has a traffic count of 210,000 vehicles per day. The property is close to major retail centers, with Santana Row and Westfield Valley Fair less than a mile from the site. Santana Row and Westfield Valley Fair feature a wide range of upscale tenants, including Crate & Barrel, Nordstrom, Bloomingdale’s, Sur la Table, Apple, Cartier, and Versace, among many others.

The property benefits from its central location in San Jose, near major landmarks and businesses. The property is just over three miles from San Jose International Airport and downtown San Jose. SAP Center, home to the San Jose Sharks of the National Hockey League, is less than three miles from the site. Additionally, the Winchester Mystery House, a historical mansion that draws large numbers of tourists, is just across Interstate 280 from the property. Visitors traveling to the Winchester Mystery House on Interstate 280 take the Winchester Boulevard exit, which provides convenient access to the subject property. Several current and future employment centers are near the property. The 574-bed Santa Clara Valley Medical Center is less than a mile from the site. The hospital has over 5,000 full-time employees. Additionally, Apple’s new 40-acre office and research campus is currently under construction just over three miles from the property. Once completed, the campus will become Apple’s new headquarters and is expected to employ 16,000 people.

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